Food Mfg / Breads, Baguettes, Garlic Butter, etc.

Not Disclosed, CT
Fairfield County


Asking Price: Annual Revenue:
$175,000 $661,569

Food & Beverage: Production - Bakery, Farms, Winery


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RE: Food Mfg / Breads, Baguettes, Garlic Butter, etc. Broker: Tony Torella

Quick Facts

Asking Price: $175,000
Annual Revenue: $661,569
Net Profit: Not Disclosed
Cash Flow: $155,305
Total Debt: Not Disclosed
FF&E: $138,320
Real Estate: Not Disclosed
Year Established: 2009
Employees: 8
BBN Listing #: 432143099
Broker Reference #: BBN-194317051

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Business Overview:

This food manufacturing company specializes in three wholesale food product lines: Garlic Butter Spread, Bakery Bread Products (Rustic Bread Loafs, Baguettes, Garlic Bread, etc.) and Personal-Sized Beet Meat Pies.

The company has enjoyed substantial revenue growth in 2017 and 2018. To illustrate: revenue in 2016 was $202,612, revenue in 2017 was $329,059 and revenue in 2018 was $661,569. And all indicators point to a continuation of this impressive revenue growth in 2019.

Most importantly, the selling price has recently been significantly reduced because personal demands require the owners to sell the business as soon as reasonably possible. Consequently, with an annual revenue over $600,000, and a cash flow over $150,000, the buyer who pursues this opportunity will be getting a fantastic deal!

The current owners took over this facility in April, 2014. Over the next two years they invested a substantial amount of time and money in the business to make sure the company had everything in place that they felt would be necessary to handle the anticipated growth that they were aiming for.

They then proceeded to increase the product line. Once the product line was in place to their satisfaction, they focused on the marketing and sales aspect of the business. Their hard work paid off in 2017, 2018 and the first quarter of 2019.

Now that the business is on solid footing the owners want to move forward with their plans to retire and move back to their home country of Australia. And, because of visa requirements, they recently were told that they don't have the luxury of waiting 6-12 months to sell the business at its fair market value. Therefore, they have lowered the selling price to $175,000 for a quick sale.

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Property Features and Assets:

The business is located in a 3,528 square foot stand-alone Food Manufacturing facility. It is leased for $1,529 a month.

Market Competition and Expansion:

They offer proprietary products that their competitors can't match. Three of their proprietary products are: 1) Garlic Butter Spread with a unique flavor and texture, 2) Garlic Bread that is unique in its presentation, storage and shelf life, 3) Beef Meat Pies with an unmatched flavor...conveniently designed to be hand-held. An important value that comes with this business is its extraordinary growth potential. The open floor plan with extensive utilities and the licenses (both State and Federal) allow for expansion and diversification into other food lines. And the sales of the current product line would continue to grow with a strong marketing and distribution strategy.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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